First Financial Co. (NASDAQ:THFF) Short Interest Update


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First Financial Co. (NASDAQ:THFF) was the recipient of a significant decline in short interest during the month of April. As of April 15th, there was short interest totalling 141,800 shares, a decline of 21.3% from the March 31st total of 180,200 shares. Based on an average trading volume of 46,900 shares, the short-interest ratio is presently 3.0 days. Approximately 1.2% of the shares of the company are sold short.

A number of hedge funds and other institutional investors have recently bought and sold shares of THFF. Norges Bank purchased a new position in First Financial during the fourth quarter worth about $4,658,000. HoldCo Asset Management L.P. purchased a new position in First Financial during the fourth quarter worth about $3,287,000. First Financialcorp IN raised its holdings in First Financial by 8.6% during the fourth quarter. First Financialcorp IN now owns 747,545 shares of the bank’s stock worth $29,035,000 after purchasing an additional 59,302 shares in the last quarter. BlackRock Inc. raised its holdings in First Financial by 4.5% during the fourth quarter. BlackRock Inc. now owns 1,202,386 shares of the bank’s stock worth $46,713,000 after purchasing an additional 51,421 shares in the last quarter. Finally, Seizert Capital Partners LLC purchased a new position in First Financial during the fourth quarter worth about $1,787,000. 57.46% of the stock is owned by hedge funds and other institutional investors.

Separately, Zacks Investment Research cut shares of First Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, April 14th.

Shares of NASDAQ:THFF opened at $44.98 on Wednesday. The company has a 50-day simple moving average of $44.81 and a 200-day simple moving average of $40.76. First Financial has a one year low of $29.54 and a one year high of $47.00. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.85 and a current ratio of 0.85. The stock has a market capitalization of $608.31 million, a price-to-earnings ratio of 11.74 and a beta of 0.84.

First Financial (NASDAQ:THFF) last announced its earnings results on Monday, April 26th. The bank reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.12. First Financial had a net margin of 25.62% and a return on equity of 8.98%. As a group, research analysts forecast that First Financial will post 3.73 EPS for the current fiscal year.

First Financial Company Profile

First Financial Corporation, through its subsidiaries, provides various financial services. It offers non-interest-bearing demand, interest-bearing demand, savings, time, and other time deposits. The company also provides commercial loans primarily to expand a business or finance asset purchases; residential real estate and residential real estate construction loans; and home equity loans and lines, secured loans, and cash/CD secured and unsecured loans.

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